Finance is the study and discipline of money, currency and capital assets.
China’s president has argued that the “international currency system is the product of the past”; one that reflects the inherent vulnerabilities and systemic risks. Indeed, the dollar is more than just a reserve currency, for many countries, it is a “key” or at least the key currencies. The Chinese exchange rate revolve around the dollar….
Commodities are having a go at the pockets of the people, and the situation only seems to be getting worse. Oil costs haven’t been this high since last October, food prices rival those of July 2008 (when food prices were at their peak), and copper prices are officially at an all time high. The concern?…
China itself is a large part of the world economy. As a result, this year it will make a noteworthy contribution to world growth overall. The more challenging question, however, is whether it can make a big contribution to the rest of the world’s growth? China is currently the largest export market for many countries….
You’ll be hard-pressed to find a country that is thrilled with our current global monetary system. Across the board, three complaints tend to arise: the dominance of the dollar as a reserve currency and America’s management of it; the fostered the creation of vast foreign-exchange reserves; and the scale and volatility of capital flows. When…
Many of us have experienced the pinch of money from time to time. We earn a greater income, yet our expenses seem to be proportionally scaling to the same heights, regardless of inflation, cost of living and other exceptions. It’s not just being frugal that can minimize our expenses – money management is just as,…
The Deutsche Bank, Germany’s biggest bank, is one that speaks with authority as to how things should be done properly. This authority has been fairly earned, as CEO Josef Ackermann, steered this bank through the financial crisis of 2008 in a way that impressed the entire world. This impressive performance was largely influenced by how…
